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14 Nov 2026 (next exp 27 Nov)Epoch Review: blocks 973,728–975,743
Bitcoin mining difficulty falls −9.13%: PPS per PH/s resets 10.04% higher
- Bitcoin mining difficulty fell −9.13% at block 975,744 (14 Nov 2026, 05:02 UTC), from 148.36 T to 134.82 T.
- The closed epoch ran one block every 11 min 1 s: 2,016 blocks in 15.41 days, 130.8 blocks a day against the 144 target.
- For 1 PH/s, PPS rises 10.04%, from 0.00042371 to 0.00046627 BTC per day (4,256 sats more for 1 PH/s), and stays at this level for 2,016 blocks, until the next reset at block 977,760 (around 28 Nov 2026 if blocks average 10 minutes).
- Fees: 45.65 BTC over the epoch, 0.72% on top of the subsidy, up from 31.52 BTC (0.50%) in the prior epoch.
- If transaction fees stay at a similar level, FPPS would pay about 0.00046965 BTC per PH/s per day, with a variance of −128 / +155 sats (0.00046837–0.00047120 BTC).
Key figures
| from 29 Oct | from 14 Nov | Change | |
|---|---|---|---|
| Hashrate (10-min, EH/s) | 1,062.0 | 965.1 | −9.13% |
| Difficulty | 148.36 T | 134.82 T | −9.13% |
| PPS, BTC/PH/s/day | 0.00042371 | 0.00046627 | +10.04% |
| FPPS*, BTC/PH/s/day | 0.00042678 | 0.00046965 | +10.04% |
*FPPS at the closed epoch's fee level; range 46,837–47,120 sats per PH/s per day. All figures before pool fees.
What changed at block 975,744
Bitcoin mining difficulty resets every 2,016 blocks, so that blocks arrive on average every 10 minutes. The epoch that ended at block 975,743 took 15.41 days instead of the 14-day target, so the protocol lowered difficulty by the ratio of target time to actual time: −9.13%. BMM's node records the new difficulty as 134.82 T, down from 148.36 T. The previous adjustment, on 29 Oct 2026, was +5.54%.
What it means for 1 PH/s reward
PPS (Pay-Per-Share) pays only the expected share of the block subsidy (3.125 BTC per block), so between halvings it depends on difficulty and nothing else. A lower difficulty means each PH/s finds proportionally more blocks: PPS per PH/s rises by 10.04%, from 0.00042371 to 0.00046627 BTC a day (42,371 to 46,627 sats). That level holds for the whole new epoch.
FPPS (Full Pay-Per-Share) adds the network's transaction fees on top of the subsidy. In the closed epoch fees averaged 0.72% on top of the subsidy (ranging 0.45%–1.06% over its full UTC days). At that level FPPS would pay about 0.00046965 BTC per PH/s per day, with an implied range of 0.00046837–0.00047120 BTC. These are not a forecast, and all figures are before pool fees.
Closed Epoch 14 Nov compare to prior ended 29 Oct
| Metric | Closed epoch (14 Nov) | Prior epoch (ended 29 Oct) | Change |
|---|---|---|---|
| Dates | 29 Oct → 14 Nov 2026 | 16 Oct → 29 Oct 2026 | |
| Blocks | 973,728–975,743 | 971,712–973,727 | |
| Length | 15.4 D | 13.3 D | +2.1 D |
| Blocks a day | 130.8 | 151.9 | −21.1 |
| Block time | 11:01 | 9:29 | +1:32 |
| Fees over the epoch | 45.65 BTC | 31.52 BTC | +14.13 BTC |
| Fees as % of subsidy | 0.72% | 0.50% | +0.22% |
| Difficulty at open | 148 T | 141 T | |
| Difficulty at close | 135 T | 148 T | |
| Retarget at close | −9.13% | +5.54% | |
| Average hashrate | 965 EH/s | 1,062 EH/s | −97 EH/s |
| PPS per PH/s per day | 0.00046627 BTC | 0.00042371 BTC | +4,256 sats |
| FPPS per PH/s per day | 0.00046965 BTC | 0.00042678 BTC | +4,287 sats |
| BTC price, open to close | $77,800 → $68,236 | $82,134 → $77,800 | |
| BTC price, average | $75,614 | $81,200 | −$5,586 |
EPOCH RANKING - Diff ▼ : PPS ▲ current cycle started 20 APR 2024
1. Biggest difficulty drops (▼)
| # | Dates | Epoch | Difficulty change ▼ | Hashrate (Average) start → end | Difficulty start → end | BTC price (average) start → end |
|---|---|---|---|---|---|---|
| 1. | 22 Jan → 7 Feb 2026 | 933,408–935,423 | −11.16% | 1,014 → 901 (901) | 142 → 126 | $89,373 → $69,269 ($80,900) |
| 2. | 29 May → 14 Jun 2026 | 951,552–953,567 | −10.09% | 995 → 894 (894) | 139 → 125 | $73,516 → $65,715 ($65,599) |
| 3. | 29 Oct → 14 Nov 2026 | 973,728–975,743 | −9.13% | 1,062 → 965 (965) | 148 → 135 | $77,800 → $68,236 ($75,614) |
| 4. | 5 Mar → 20 Mar 2026 | 939,456–941,471 | −7.76% | 1,038 → 958 (957) | 145 → 134 | $72,685 → $70,516 ($70,431) |
| 5. | 14 Jun → 29 Jun 2025 | 901,152–903,167 | −7.48% | 905 → 837 (837) | 126 → 117 | $106,122 → $108,387 ($105,443) |
2. Highest PPS resets (▲)
| # | Dates | Epoch | PPS reset ▲ | Hashrate (Average) start → end | Difficulty start → end | BTC price (average) start → end |
|---|---|---|---|---|---|---|
| 1. | 22 Jan → 7 Feb 2026 | 933,408–935,423 | +12.56% | 1,014 → 901 (901) | 142 → 126 | $89,373 → $69,269 ($80,900) |
| 2. | 29 May → 14 Jun 2026 | 951,552–953,567 | +11.22% | 995 → 894 (894) | 139 → 125 | $73,516 → $65,715 ($65,599) |
| 3. | 29 Oct → 14 Nov 2026 | 973,728–975,743 | +10.04% | 1,062 → 965 (965) | 148 → 135 | $77,800 → $68,236 ($75,614) |
| 4. | 5 Mar → 20 Mar 2026 | 939,456–941,471 | +8.41% | 1,038 → 958 (957) | 145 → 134 | $72,685 → $70,516 ($70,431) |
| 5. | 14 Jun → 29 Jun 2025 | 901,152–903,167 | +8.08% | 905 → 837 (837) | 126 → 117 | $106,122 → $108,387 ($105,443) |
3. Longest epochs
| # | Dates | Epoch | Length days | Blocks a day | Hashrate (Average) start → end | Difficulty start → end | BTC price (average) start → end |
|---|---|---|---|---|---|---|---|
| 1. | 22 Jan → 7 Feb 2026 | 933,408–935,423 | 15.8 | 127.9 | 1,014 → 901 (901) | 142 → 126 | $89,373 → $69,269 ($80,900) |
| 2. | 29 May → 14 Jun 2026 | 951,552–953,567 | 15.6 | 129.4 | 995 → 894 (894) | 139 → 125 | $73,516 → $65,715 ($65,599) |
| 3. | 29 Oct → 14 Nov 2026 | 973,728–975,743 | 15.4 | 130.8 | 1,062 → 965 (965) | 148 → 135 | $77,800 → $68,236 ($75,614) |
| 4. | 5 Mar → 20 Mar 2026 | 939,456–941,471 | 15.2 | 132.8 | 1,038 → 958 (957) | 145 → 134 | $72,685 → $70,516 ($70,431) |
| 5. | 14 Jun → 29 Jun 2025 | 901,152–903,167 | 15.1 | 133.2 | 905 → 837 (837) | 126 → 117 | $106,122 → $108,387 ($105,443) |
4. Longest block time
| # | Dates | Epoch | Block time min | Blocks a day | Hashrate (Average) start → end | Difficulty start → end | BTC price (average) start → end |
|---|---|---|---|---|---|---|---|
| 1. | 22 Jan → 7 Feb 2026 | 933,408–935,423 | 11.3 | 127.9 | 1,014 → 901 (901) | 142 → 126 | $89,373 → $69,269 ($80,900) |
| 2. | 29 May → 14 Jun 2026 | 951,552–953,567 | 11.1 | 129.4 | 995 → 894 (894) | 139 → 125 | $73,516 → $65,715 ($65,599) |
| 3. | 29 Oct → 14 Nov 2026 | 973,728–975,743 | 11.0 | 130.8 | 1,062 → 965 (965) | 148 → 135 | $77,800 → $68,236 ($75,614) |
| 4. | 5 Mar → 20 Mar 2026 | 939,456–941,471 | 10.8 | 132.8 | 1,038 → 958 (957) | 145 → 134 | $72,685 → $70,516 ($70,431) |
| 5. | 14 Jun → 29 Jun 2025 | 901,152–903,167 | 10.8 | 133.2 | 905 → 837 (837) | 126 → 117 | $106,122 → $108,387 ($105,443) |
5. Highest average fee from ranking listed above
| # | Dates | Epoch | Average fee a block | Fees % of subsidy | Hashrate (Average) start → end | Difficulty start → end | BTC price (average) start → end |
|---|---|---|---|---|---|---|---|
| 1. | 14 Jun → 29 Jun 2025 | 901,152–903,167 | 0.0359 BTC | 1.15% | 905 → 837 (837) | 126 → 117 | $106,122 → $108,387 ($105,443) |
| 2. | 29 May → 14 Jun 2026 | 951,552–953,567 | 0.0266 BTC | 0.85% | 995 → 894 (894) | 139 → 125 | $73,516 → $65,715 ($65,599) |
| 3. | 22 Jan → 7 Feb 2026 | 933,408–935,423 | 0.0245 BTC | 0.78% | 1,014 → 901 (901) | 142 → 126 | $89,373 → $69,269 ($80,900) |
| 4. | 29 Oct → 14 Nov 2026 | 973,728–975,743 | 0.0226 BTC | 0.72% | 1,062 → 965 (965) | 148 → 135 | $77,800 → $68,236 ($75,614) |
| 5. | 5 Mar → 20 Mar 2026 | 939,456–941,471 | 0.0197 BTC | 0.63% | 1,038 → 958 (957) | 145 → 134 | $72,685 → $70,516 ($70,431) |
Epochs run 2,016 blocks. Block time and length are measured from the collector’s own timestamps. PPS reset is the change in BTC per PH/s per day caused by the difficulty step at the close. Fees are the epoch total over 2,016 blocks. Price coverage begins on 8 October 2024, so earlier epochs show no price.
Charts on the live dashboard
- Difficulty change at each retarget this cycle, and the PPS step it caused
- Difficulty adjustments, last 10 epochs
- FPPS rate above PPS, daily, last 3 months
Data and method
Data: BMM's own Bitcoin node (Bitcoin Core), every block of the epoch; times in UTC. PPS = 3.125 BTC × 86,400 × 1015 ÷ (difficulty × 232), per PH/s per day. FPPS = PPS × (1 + fees ÷ subsidy). Blocks per day = (blocks − 1) ÷ time between the first and last block. Fees are shown as % of the block subsidy, which is also how much FPPS pays above PPS (as a share of total block revenue the closed epoch was 0.72%). Hashrate in the key-figures table is the hashrate each difficulty is set for at 10-minute blocks (difficulty × 232 ÷ 600 s). Data as of 14 Nov 2026, 23:29 UTC.
PPLNS is not included: its payouts depend on each pool's luck and share window, so no single figure applies. All figures are before pool fees. No USD figures are used. FPPS figures are illustrations at the closed epoch's fee level, not forecasts. This note is for information only and is not investment advice.